Three weeks ago the Richmond Times-Dispatch, reporting the International Paper & Power Co. investigation, stated, in effect, that John Stewart Bryan, publisher of the rival Richmond News-Leader, had gone to North Carolina to buy a newspaper for I. P. & P. Publisher Bryan prepared a $500,000 libel suit against the Times-Dispatch (TIME, May 27). Last week the Times-Dispatch expressed public regrets for the statement. The Bryan suit was withdrawn.
Last week's Big Rumor in Boston: that International Paper & Power would soon sell its newspaper holdings.
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